Thanks to Domum, Laz and others for gently walking us through what is more obvious to them and stating then re-stating things in easier to understand terms.
As we move closer to resource estimates in "coming weeks" according to the last announcement (hope you get your SMSF soon) I thought it might be worth examining the Aurora O&G buyout.
I found this page: http://www.australianstockreport.co...k-picks/stock-of-the-week-aurora-oil-gas-aut/
Good call by that website as the company was bought out in 2013 for $4.20/share.
Interesting that DW references Aurora frequently and the NAV here seems to be $10/bbl (barrel) as well. I'm surprised the total amounts seem fairly low to me because the estimate for POO at the time was around $80 (from other Aurora documents).
So, IF this can be extracted AND the flow rate is good AND the NAV is around $10/bbl, what will we have considering (and I think this hasn't been factored in before so I'm raising it) the increased cost of production in Alaska?
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